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Goodyear Dunlop to redeem 6¾% notes due 2019 at 103.375 on Jan. 14
By Susanna Moon
Chicago, Dec. 15 – Goodyear Tire & Rubber Co. said its European subsidiary, Goodyear Dunlop Tires Europe BV, issued a call for its €250 million of 6¾% senior notes due 2019.
The notes will be redeemed at 103.375 plus accrued interest to the redemption date of Jan. 14, according to a company press release.
Funding for the redemption will come from a new notes issue, along with cash and cash equivalents.
As reported, Goodyear priced €250 million of eight-year senior notes at par to yield 3¾% on Dec. 9.
The company announced plans to redeem the 6¾% notes on Dec. 7.
The issuer is the European subsidiary of Goodyear Tire & Rubber Co., an Akron, Ohio-based tire maker.
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